TPG RE Finance Trust (NYSE:TRTX – Get Rating) will be releasing its earnings data after the market closes on Tuesday, February 21st. Analysts expect TPG RE Finance Trust to post earnings of $0.15 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.
TPG RE Finance Trust Price Performance
Shares of NYSE TRTX opened at $8.05 on Friday. TPG RE Finance Trust has a twelve month low of $6.31 and a twelve month high of $12.33. The stock’s 50 day moving average price is $7.81 and its 200-day moving average price is $8.10. The company has a market capitalization of $623.15 million, a PE ratio of -9.25 and a beta of 1.84. The company has a quick ratio of 177.12, a current ratio of 177.12 and a debt-to-equity ratio of 2.86.
TPG RE Finance Trust Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 25th. Stockholders of record on Thursday, December 29th were paid a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, December 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 11.93%. TPG RE Finance Trust’s payout ratio is presently -110.34%.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on TRTX. Bank of America restated a “neutral” rating and issued a $8.00 target price on shares of TPG RE Finance Trust in a research note on Monday, November 21st. BTIG Research downgraded TPG RE Finance Trust from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 2nd. JPMorgan Chase & Co. dropped their price objective on TPG RE Finance Trust from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Thursday, November 3rd. Finally, Raymond James dropped their price objective on TPG RE Finance Trust from $11.50 to $11.00 and set a “strong-buy” rating on the stock in a research note on Thursday, November 3rd. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $10.40.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. Alliancebernstein L.P. increased its stake in TPG RE Finance Trust by 17.3% in the fourth quarter. Alliancebernstein L.P. now owns 52,100 shares of the company’s stock valued at $354,000 after acquiring an additional 7,700 shares during the last quarter. State of Wisconsin Investment Board grew its stake in shares of TPG RE Finance Trust by 78.2% during the fourth quarter. State of Wisconsin Investment Board now owns 96,159 shares of the company’s stock valued at $653,000 after buying an additional 42,190 shares during the last quarter. Squarepoint Ops LLC bought a new position in shares of TPG RE Finance Trust during the fourth quarter valued at about $314,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of TPG RE Finance Trust by 53.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 67,014 shares of the company’s stock worth $455,000 after purchasing an additional 23,254 shares during the period. Finally, Putnam Investments LLC boosted its holdings in shares of TPG RE Finance Trust by 32.8% during the fourth quarter. Putnam Investments LLC now owns 59,927 shares of the company’s stock worth $407,000 after purchasing an additional 14,804 shares during the period. Institutional investors own 56.86% of the company’s stock.
TPG RE Finance Trust Company Profile
TPG RE Finance Trust, Inc is a holding company, which engages in the provision of commercial real estate finance services. It originates, acquires, and manages commercial mortgage loans and other commercial real estate-related debt instruments in North America. The company was founded on October 24, 2014 and is headquartered in New York, NY.
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